{"id":35093,"date":"2024-07-30T06:52:06","date_gmt":"2024-07-30T06:52:06","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoins-role-as-a-hedge-against-currency-devaluation-solidifies-says-economist-alex-kruger\/"},"modified":"2024-07-30T06:52:06","modified_gmt":"2024-07-30T06:52:06","slug":"bitcoins-role-as-a-hedge-against-currency-devaluation-solidifies-says-economist-alex-kruger","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoins-role-as-a-hedge-against-currency-devaluation-solidifies-says-economist-alex-kruger\/","title":{"rendered":"Bitcoin&#8217;s Role as a Hedge Against Currency Devaluation Solidifies, Says Economist Alex Kr\u00fcger"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Economist Alex Kr\u00fcger believes <a href=\"https:\/\/igaming.org\/cryptocurrencies\/section\/what-is-a-bitcoin\/\">Bitcoin (BTC)<\/a> is becoming a vital asset to counteract the devaluation of fiat currency and fiscal policy uncertainties. In a recent interview, Kr\u00fcger emphasized that Bitcoin serves as<em> \u201ca hedge against the tail risk of central banks collapsing and the devaluation of the dollar.\u201d<\/em> This need for a hedge, he notes, can arise suddenly and significantly impact Bitcoin\u2019s future role.<\/p>\n<p>Kr\u00fcger highlights the growing worries about the increasing US national debt, an issue that the Bitcoin community has long discussed. He points out that even Federal Reserve Chair Jerome Powell has acknowledged the unsustainable fiscal path of the US. Kr\u00fcger explains, <em>\u201cSo if ever we get to the point where we are very concerned about the value of the dollar and or the sustainability of debt, which is already happening, you want to be long Bitcoin and you want as much Bitcoin as possible for as long as you\u2019re not screwing up your portfolio.\u201d<\/em><\/p>\n<h2><strong>Bitcoin\u2019s Increasing Adoption<\/strong><\/h2>\n<p>The economist elaborates on Bitcoin\u2019s emerging role in broader macroeconomic and traditional market circles. He says, \u201cWe\u2019re at the very beginning, but this is happening \u2013 this view on Bitcoin precisely as a hedge towards that in broader macro\/traditional markets circles.\u201d Kr\u00fcger identifies three critical aspects of Bitcoin\u2019s value: its potential as a reserve asset, its function as a store of value, and its adoption as digital gold. He asserts that Bitcoin is increasingly seen as a hedge against uncontrolled debt and the potential collapse of the dollar.<\/p>\n<p>At the time of writing, Bitcoin is trading at $6g,530, reflecting its drowning position in the market.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/bitcoins-role-as-a-hedge-against-currency-devaluation-solidifies\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Economist Alex Kr\u00fcger believes Bitcoin (BTC) is becoming a vital asset to counteract the devaluation of fiat currency and fiscal policy uncertainties. In a recent interview, Kr\u00fcger emphasized that Bitcoin serves as \u201ca hedge against the tail risk of central banks collapsing and the devaluation of [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":35094,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/35093"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=35093"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/35093\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/35094"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=35093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=35093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=35093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}